Home Insurance in Somerville, Tennessee
Homes in Somerville carry a median value of $312,900 - 8% lower than the Fayette County median.
The typical home in Somerville was built around 1983. About 18% of homes were built before 1960, about 11 points above Fayette County's 7%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
The housing stock in Somerville is 66% single-family homes, 26% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
67% of owner-occupied homes in Somerville carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Somerville has an owner-occupancy rate of 55% and a vacancy rate of 11%; unoccupied homes typically need a different coverage form.
Most homes in Somerville - 57% - are primarily heated with electricity.
What's the biggest home insurance risk near Somerville? FEMA's National Risk Index points to earthquake (Relatively Moderate) in Fayette County and Fayette County had 83 active NFIP flood policies as of September 2026. See the full Fayette County home insurance overview for all FEMA hazard ratings and flood coverage details. Earthquake damage is excluded from a standard homeowners policy.
In Tennessee, the statewide average premium for a standard HO-3 homeowners policy is $1,649 per year (NAIC, 2023 data).
Key figures
| Median home value | $312,900 |
|---|---|
| Median year built | 1983 |
| Owner-occupied share | 55% |
| Share of owner-occupied homes with a mortgage | 67% |
| Top county hazard | Earthquake (Relatively Moderate) |
| Active NFIP policies in Fayette County | 83 |
| Home insurance premium | $1,649 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)